could bitcoin be replaced by another crypto currency?

[Proton2233]

This world is a competition, who can't compete with others will be replaced. Bitcoin is the same. So there is a chance another crypto currency will replace bitcoin if Bitcoin stop upgrading , improving. The dead of Nokia is an real example for this.

You're right mate, but it could be a long term competition. But I don't think that bitcoin could be replaced by other coins because bitcoin had already tested by many attacks but it still stand for it. For it's strong foundation make bitcoin depend itself, and it become stronger as everyone in the community expected for this.

My opinion is that at this stage there are no coins that popularity can come close to bitcoin. This option is possible only in the case if bitcoin will lose the fight with governments and speculators. Theoretically, the bitcoin now is very inflated by speculative capital. If speculators sharply withdraw your money there can be a large dump and the credibility of bitcoin will be undermined. In this case, it will turn into a bubble that will burst.

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[Gioblast]

It depends on how the technology under the hood will evolve in the long run to face challenges like the limited TPS rate.
Probably bitcoin will not be replaced but there are high chances that another coin will emerge and come up beside bitcoin.

[Lubang Bawah]

I think it is possible, we never know what will happen tomorrow or next month, now many big projects from various companies and of course the main mission of the project is to be the best and beat bitcoin.

[Nascor]

the thing about BTC is that it has the "first mover" advantage. Since it's the first of its kind, it's set as an example and is leading the entire crypto market (uptrends/downtrends). You might notice that altcoins move along with BTC (when BTC is gaining, ETH is gaining etc.) It will be very difficult for BTC to lose this top position and highly unlikely, even if there are other options availalbe, BTC had the time to establish trust which is the most important aspect of any crypto

[prettyij]

I doubt that there is any other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 10 years.

[kimochidesh]

Since Market cap of Bitcoin is way more than any other altcoin.....Moreover, trading Altcoin is not as feasible as of BITCOIN trading, therefore it seems to be an impossible task to replace Bitcoin for now.
But with new innovation and technology...it is could be possible that Bitcoin could be replaced by some other Altcoin with some unique feature.

[Kisanaq]

I think it's possible, we never know what will happen with the future, what we think today is best not necessarily tomorrow is still the best. some altcoin is likely to replace bitcoin for example is Ethereum.

[Ilegendph]

At first I thought it was impossible for Bitcoin to be replaced since it is the first cryptocurrency, but you are right, some altcoins may have better features than Bitcoin and people may prefer them instead.

Here's an analogy, lets imagine all cryptocurrencies are like mobile phones. Bitcoin is Nokia, and started the mobile phone trend. And soon after everyone started using Nokia. But brands like Blackberry, Samsung and Apple soon created their own phones, and Apple made a major breakthrough with a touchscreen function, where everyone gradually switched to that after a while, and now Nokia is outdated.

Bitcoin has our trust now, but other cryptocurrencies might overtake BTC in the future.

You have a good point there but slow mining process is due to number of thousands of transactions that occurs  everyday. Bitcoin and ethereum has different usese, bitcoin is for money transfer and ethereum is for smart contracts. And since they have different use the competition among the coins is indirect. So Im confident that the use of bitcoin is still dominant than other ethereum based tokens.

[bitblackred]

the thing about BTC is that it has the "first mover" advantage. Since it's the first of its kind, it's set as an example and is leading the entire crypto market (uptrends/downtrends). You might notice that altcoins move along with BTC (when BTC is gaining, ETH is gaining etc.) It will be very difficult for BTC to lose this top position and highly unlikely, even if there are other options availalbe, BTC had the time to establish trust which is the most important aspect of any crypto

Not at all because no other crypto currency can even compete with Bitcoins because there is no such other crypto currency of which prices are going high rapidly just bitcoins is the only crypto currency which prices are going higher rapidly.

[Official Armor Ceramics]

No doubt, Bitcoin can be replaced by any other crypto currency, of cause now we see its growth, but nobody knows what will be with Btc tomorrow

[VadikZimnyayaRezina]

I think that someday it can happen because bitcoin is imperfect and every day there is a demand for other crypto currencies which are also developing.

[Genamant]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

there is nothing is impossible with crypto currency , maybe someday bitcoin can be rank down to number 2
but that crypto currency has to be really really big for it to be able to persuade the trust of investors to bitcoin

[balakang00]

I think bitcoin cannot be replaced by a new crypto currency. Something that is stable and well managed thing cant be replaced by anything. It is stable and is now widely accepted so it cant be replaced.

[Pleione527]

I don't think there would be any currency that can replace bitcoin. Bitcoin has been in the market for a long period and it is trusted by many people just in case a new currency will be introduce surely its value will only depend in bitcoin just like all other crypto currencies and bitcoin will remain the number one in the market

[millgates]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

Bitcoin is the best cryptocurrency. Now bitcoin market cap reached as high as $73,5 billion, even etherium is not reach that point yet,  Experts are said that the price of bitcoin will reach as high as $7500 next year. Bitcoin is very good for investment too,  so I think bitcoin will not be replaced by another cryptocurrecy.

[Webetcoins]

I think it is possible, we never know what will happen tomorrow or next month, now many big projects from various companies and of course the main mission of the project is to be the best and beat bitcoin.

I will show my disagreement here because I know the value of the bitcoin is increasing and soon it will become the world’s most wanted currency because of the high price and the increasing value. It is the time to make bitcoin more powerful and to invest the best amount in the bitcoin so that no currency will be able to defeat the bitcoin.

[Lady Coquet]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

In my own personal opinion, there is no chance that bitcoin can be replaced by other cryptocurrency because bitcoin has more greater value than other cryptocurrencies, bitcoin has more better future than any other cryptocurrencies and bitcoin is the most popular cryptocurrency.

[wareen]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

there is nothing is impossible with crypto currency , maybe someday bitcoin can be rank down to number 2
but that crypto currency has to be really really big for it to be able to persuade the trust of investors to bitcoin

It had ranked down to #2 on the coinmarketcap in few days, I remember in that time, the price of Ethereum was at ATH price and its value grow very fast while Bitcoin still around cheap price, not higher than $4,000 as now.

[Ronaldcoin2017]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

there is nothing is impossible with crypto currency , maybe someday bitcoin can be rank down to number 2
but that crypto currency has to be really really big for it to be able to persuade the trust of investors to bitcoin

It had ranked down to #2 on the coinmarketcap in few days, I remember in that time, the price of Ethereum was at ATH price and its value grow very fast while Bitcoin still around cheap price, not higher than $4,000 as now.

yes i agree i think the big possibility that it can be replaced  by the another type of coin is always there.it only depend on the market value of the coin if the  coin lije bitcoin will going to down in a market and there will be another coin going up.there are a great possibility that it can be replaced by the coin that has a  high price and easy to use as well.

[Scallywag]

I think it will be very hard to replace the value of btc.
There are faster en better ways to send money now but btc still is number 1.
This shows the value that it has.